Back to the sixties: A note on multi†primary†factor linear models with homogeneous capital

Giuseppe Freni

Metroeconomica, 2018, vol. 69, issue 1, 125-141

Abstract: This paper extends Bruno's () one capital good two†sector growth model with discrete technology by allowing for multiple primary factors of production. While the existence of an optimal steady state is established for any positive rate of discount, an example in which three “modified golden rules†exist shows that the optimal steady state is not necessarily unique. The extended model provides a simple exemplification of the more general principle that the presence of multiple primary factors of production in homogeneous capital models can definitively result in the same complications that arise when there is joint production.

Date: 2018
References: Add references at CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1111/meca.12172

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:metroe:v:69:y:2018:i:1:p:125-141

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0026-1386

Access Statistics for this article

Metroeconomica is currently edited by Heinz D. Kurz and Neri Salvadori

More articles in Metroeconomica from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().